On the first day of the new trading session, Indian Stock Market rose up high and touched 2016 new height. Shares rose more than 1.50 percent in the Monday morning session erasing all the losses of the last week sessions. Sensex surged more than 450 points in the morning session itself and reached 25784 with 1.69 percent increment while Nifty surged 129 points at 8452 with 1.55 increment. All the sectors are seem to touch the crest of todays session. BSE Auto being at the top gained 421 points at 20130 and BSE BANKEX uplifted by 403 points. All the Global Indices are trading in the positive zone with high leads. Rupee strengthened by 22 paise or 0.32 percent at 67.15.
Recommended Stocks Today
- Government has imposed anti-dumping duty on imports of chemical from five countries.
Buy Indian Oil Corporation above: 478.51 Targets: 483.75 - 489.27 - 494.81 - 500.39 Stoploss : 473.06
- Reduction of 8 percent in production of Tata Coffee due to less rains.
Buy Tata Coffee above: 115.56 Targets: 118.2 - 120.93 - 123.7 - 126.49 Stoploss : 112.89
- The government is considering raising the limit on foreign direct investment in the dairy sector.
Buy Prabhat Dairy above: 102.51 Targets: 105 - 107.58 - 110.19 - 112.83 Stoploss : 100
- Reliance communications promoters have mortgaged Rs 190 crore shares.
Buy Reliance Communications above: 52.56 Targets: 54.36 - 56.22 - 58.11 - 60.03 Stoploss : 50.76